South African Airways Presses Ahead With Restructuring

Credit: Rob Finlayson
South African Airways (SAA) has cut its liabilities to R2.3 billion ($156 million) and cut 80% of its workforce, following a restructuring process that has lasted over a year. “The primary achievement of the business rescue process was to transition SAA from being an insolvent company to a company...
Victoria Moores

Victoria Moores joined Air Transport World as our London-based European Editor/Bureau Chief on 18 June 2012. Victoria has nearly 20 years’ aviation industry experience, spanning airline ground operations, analytical, journalism and communications roles.

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